AN ACT ESTABLISHING A LANDFILL SOLAR SPECIAL REVENUE FUND IN THE TOWN OF DENNIS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
SECTION 1. Notwithstanding section 53 of chapter 44 of the General Laws or any other general or special law to the contrary, there shall be a special fund to be known as the Landfill Solar Special Revenue Fund in the town of Dennis. The town treasurer shall deposit into the fund the revenue generated or collected by the town in connection with lease and power purchase agreements for the photovoltaic solar energy facilities located on the Dennis Solar Farm at 100 Theophilus F. Smith road in the town of Dennis.
The town treasurer may, without further appropriation, expend money from the Landfill Solar Special Revenue Fund to make payments to the Dennis Water District and the Dennis-Yarmouth Regional School District, or another governmental entity, for their respective shares of net metering payment revenue received from the electric utility company that the town is obligated to pay pursuant to an applicable intermunicipal agreement. Revenue remaining in the fund may be appropriated by the town of Dennis for any lawful purpose.
The Landfill Solar Special Revenue Fund shall be maintained by the town treasurer as a separate account and interest earned thereon shall be credited to and become part of the separate account.
SECTION 2. This act shall take effect upon its passage.
Approved, October 28, 2016